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economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments well this austerity for everybody in the u.k. unless you've committed financial fraud and then the government just rewards do with billions of pounds worth of compensation and restitution and free money and this brings up an interesting point is that fraud pays to be that crime doesn't pay but now crime does pay lehman brothers collapsed and a.i.g. collapse and bernie madoff collapsed and we saw many financial scandals over the past five years result. and the central banks in america and england printing billions of pounds or billions hundreds of billions of trillions of pounds and dollars to reward the fraudsters so what you're saying here is really part and parcel of this whole model of fraud for pay so that p.p.i. scandal they were caught mis selling insurance they were caught committing fraud which should be a criminal offense
economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments well this austerity for everybody in the u.k. unless you've committed financial fraud and then the government just rewards do with billions of pounds worth of compensation and restitution and free money and this brings up an interesting point is that fraud pays to be that crime doesn't pay but now crime...
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real boon to the economy. potential manipulation of three trillion pound currency markets swiss regulators are investing in gating a number of financial firms over the potential manipulation of currency markets where three trillion pounds changes hands every day so this is multiple banks around the world five trillion dollars in manipulation and price rigging and price fixing but if look at the context the global daily forex market is two and a half to three times greater than the entire g.d.p. of britain so the entire g.d.p. of britain turns over in the forex market two and a half to three times every single day or so and i said last week that the global economy is going giant hedge fund this is a good example of it if they're manipulating forex which includes all the transactions for the british pound and all the other forex transactions and all economies and all their currencies around the world and they have hundreds of trillions of dollars of the leverage to do so and their cost of funds there is zero and
real boon to the economy. potential manipulation of three trillion pound currency markets swiss regulators are investing in gating a number of financial firms over the potential manipulation of currency markets where three trillion pounds changes hands every day so this is multiple banks around the world five trillion dollars in manipulation and price rigging and price fixing but if look at the context the global daily forex market is two and a half to three times greater than the entire g.d.p....
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economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments well this austerity for everybody in the u.k. unless you've committed financial fraud and then the government just reward you with billions of pounds worth of compensation and restitution and free money and this brings up an interesting point is that fraud pays to be that crime doesn't pay but now crime does pay lehman brothers collapsed and a collapse and bernie madoff collapsed and we saw many financial scandals over the past five years result. and the central banks in america and england printing billions of pounds or billions hundreds of billions of trillions of pounds and dollars to reward the fraudsters so what you're saying here is really part and parcel of this whole model of fraud for pay so that p.p.i. scandal they were caught mis selling insurance they were caught committing fraud which should be a criminal offense it i
economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments well this austerity for everybody in the u.k. unless you've committed financial fraud and then the government just reward you with billions of pounds worth of compensation and restitution and free money and this brings up an interesting point is that fraud pays to be that crime doesn't pay but now crime...
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economy it's not part of the economy which is productive or manufacturing that will end up with the exports needed to boost the economy and wages in a real sense is just more paper pushing jobs that are financed by more paper pushing what you're financed by more money printing as part of this massive ponzi scheme so it's great that they can. points of fraud in the paper printing not results as growth but imagine if charles manson a squeaky fromme were running the bank of england instead of mark carney and danny alexander or of the assistant treasury or george osborne and danny alexander as part of george and george osborne's office then you have this notion that for a serial killing is boosting the economy if charles manson ran the economy but here you have george osborne and mark carney who are saying serial money printing which is an act of criminality is boosting the economy that would be like charles manson saying that serial murders are boosting the economy in america which i'm sure a lot of americans would agree that that is the case that's why they tend to shoot each other so much we
economy it's not part of the economy which is productive or manufacturing that will end up with the exports needed to boost the economy and wages in a real sense is just more paper pushing jobs that are financed by more paper pushing what you're financed by more money printing as part of this massive ponzi scheme so it's great that they can. points of fraud in the paper printing not results as growth but imagine if charles manson a squeaky fromme were running the bank of england instead of mark...
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economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments well this austerity for everybody in the u.k. unless you've committed financial fraud and then the government just rewards do with billions of pounds worth of compensation and restitution and free money and this brings up an interesting point is that fraud pays used to be that crime doesn't pay but now crime does pay lehman brothers collapsed and a collapse and bernie madoff collapsed and we've saw many financial scandals over the past five years result. and the central banks in america and england printing billions of pounds or billions hundreds of billions if not trillions of pounds and dollars to reward the fraudsters so what you're saying here is really part and parcel of this whole model of fraud for pay so that p.p.i. scandal they were caught mis selling insurance they were caught committing fraud which should be a criminal
economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments well this austerity for everybody in the u.k. unless you've committed financial fraud and then the government just rewards do with billions of pounds worth of compensation and restitution and free money and this brings up an interesting point is that fraud pays used to be that crime doesn't pay but now...
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find out what's really happening to the global economy because the reports. in the afternoon after moscow the economic crisis in greece has forced the oldest university in athens to close down along with seven others to the administration so they can no longer function after government cutbacks last stuffing levels and now students who should have started a new academic year have been left in limbo therefore. the reports. students have studied at athens university since the middle of the nineteenth century but today they carry placards not books youth will fight austerity it says the message is black and white america the anger aimed at government cutbacks but you force the university to close. of course i'm concerned right now a lot of students you know in schools and universities feel that they have no future here. the protesters are heading towards the greek parliament among them administrative workers who've borne the brunt of the redundancies archivist treasury employees and security guards stand alongside students who should be starting a new academic y
find out what's really happening to the global economy because the reports. in the afternoon after moscow the economic crisis in greece has forced the oldest university in athens to close down along with seven others to the administration so they can no longer function after government cutbacks last stuffing levels and now students who should have started a new academic year have been left in limbo therefore. the reports. students have studied at athens university since the middle of the...
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disability act is going to destroy the economy and in fact after every one of these acts the economy got a lot stronger so they're really really crying wolf here but politically the republicans are slitting their own throat because they don't understand history every time either party has tried to push a constitutionally dubious means of achieving their ideological agenda against public opinion it's been disastrous for them this happened to the democrats in one thousand thirty seven when even the great franklin delano roosevelt couldn't push his court packing scheme through a democratic congress and it really hurt the democrats politically and of course what happened to the republicans in one nine hundred ninety five one nine hundred ninety six when did gingrich shut down the government and it contributed to the rehabilitation of president bill clinton and his reelection the republican party's esteem in the eyes of the american public has fall into an all time historic low in the gallup poll ok wait the eight percent ok because we didn't have a g.o.p. strategist i'd like you to reply
disability act is going to destroy the economy and in fact after every one of these acts the economy got a lot stronger so they're really really crying wolf here but politically the republicans are slitting their own throat because they don't understand history every time either party has tried to push a constitutionally dubious means of achieving their ideological agenda against public opinion it's been disastrous for them this happened to the democrats in one thousand thirty seven when even...
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and that is threatens to thrust the world economy back into recession i.m.f. chief christine lagarde calling on american legislators to be responsible she thinks it's ridiculous what is happening this bickering between republicans and democrats that really threatening the entire global economy you have the head of the world bank talking about the consequences it will have for the developing world as well as developed economies and then also you have u.s. trade partners they're terrified countries like china what will happen everyone is watching very closely and some experts are saying that whether or not the u.s. does default it's countries like china there are huge economic partners that are going to have to rethink. bagot states here is jeffrey some earth of the university of wisconsin milwaukee. and united states of course is an economy which lives on global credit and the foreign purchase of its treasury bills so this puts it in a very precarious position moving forward in terms of the ability to fund many of its programs domestically for those countries i
and that is threatens to thrust the world economy back into recession i.m.f. chief christine lagarde calling on american legislators to be responsible she thinks it's ridiculous what is happening this bickering between republicans and democrats that really threatening the entire global economy you have the head of the world bank talking about the consequences it will have for the developing world as well as developed economies and then also you have u.s. trade partners they're terrified...
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and the stock market and all the rest the financial infrastructure of the economy and their profits it's highly unlikely that they would allow that to take place in the same way they would not allow you know the the initial bailouts in two thousand and seven there was a big movement to stop them but wall street you know kicked then with a lobbying effort that had never been seen before and stopped at the odds are they will not allow that fiscal disaster to happen but it's very convenient because it creates a smokescreen in which to create fundamentally the you know the the bargain the grand bargain that the president has been talking about for at least the last four years whereby he makes he cuts a deal in which social security and medicare get taken down substantially and he looks like a hero because he averted this desperate. you know fiscal. meltdown with the with the budget fault right well i think well i think you're touching on something that's not getting as much attention in this debate between shutdowns and elements and that's austerity at this point it's all but guaranteed
and the stock market and all the rest the financial infrastructure of the economy and their profits it's highly unlikely that they would allow that to take place in the same way they would not allow you know the the initial bailouts in two thousand and seven there was a big movement to stop them but wall street you know kicked then with a lobbying effort that had never been seen before and stopped at the odds are they will not allow that fiscal disaster to happen but it's very convenient...
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will be forced to make a decision that will affect the entire global economy if lawmakers don't find a way to reopen the frozen government and then agree to raise the national debt ceiling america will default on its debts and if that happens the shock would be felt well beyond its own borders artie's innocent now it has the details. well there's been no headway over the weekend between democrats and republicans coming to some kind of agreement on how to raise or whether or not to raise the debt ceiling without said without a us budget in place the government has run out of money to pay thousands of federal workers but that's nothing compared to what we'll see possibly see on thursday october seventeenth at midnight if the u.s. doesn't secure a debt rising of its debt ceiling will have to default on its over sixteen and a half trillion dollars of borrowings and that threatens to thrust the global economy back into recession so you have the rest of the world very wary very panicking you have the heads of various major financial organizations global financial organizations like the i.m
will be forced to make a decision that will affect the entire global economy if lawmakers don't find a way to reopen the frozen government and then agree to raise the national debt ceiling america will default on its debts and if that happens the shock would be felt well beyond its own borders artie's innocent now it has the details. well there's been no headway over the weekend between democrats and republicans coming to some kind of agreement on how to raise or whether or not to raise the...
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are up profits are down profits are up profits are down and nothing ever seems to change in the real economy this first headline near the profits profit profits have been booming in america reaching the highest proportion of g.d.p. since the second world war given such boy into conditions you might imagine that businesses are investing like crazy to take advantage of all those great opportunities correct no they're not max because instead businesses are handing cash back to shareholders a tactic once reserved for executives who had run out of ideas in two thousand and eleven the value of america's share buybacks was equal to two point seven percent of g.d.p. in britain the figure was three point one percent or yeah you bring up a couple of points there the the important point here is that when the corporations report on their profits that is a number that is delivered to them by one of the big four accounting agencies to report as their profit but what we've discovered is that these big four accounting agencies like the banks on wall street like the hedge funds like the rating agencies are a
are up profits are down profits are up profits are down and nothing ever seems to change in the real economy this first headline near the profits profit profits have been booming in america reaching the highest proportion of g.d.p. since the second world war given such boy into conditions you might imagine that businesses are investing like crazy to take advantage of all those great opportunities correct no they're not max because instead businesses are handing cash back to shareholders a...
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in the corporate nations that make up the economy are vastly overstating their net worth in income and so you have a huge crash so speaking of accounting firms many of the accounting firms are now morphing into consulting firms and this isn't our final quick headline here mass i t project is latest black eye for delight this is a massachusetts and an internet technology project it is brochure do lloyd consulting proclaims a record of smooth implementations of complex technology projects but in courts school systems and government agencies in several states the rollout of computer systems built by the global consulting firm has proved to be anything but smooth so they said from california to florida to pennsylvania to massachusetts time after time all of their programs are coming in way over budget or actually not even delivering anything that's actually even usable right while the accounting firms are splitting themselves into two so instead of having a full service accounting firm like arthur andersen involving the enron scandal where they had to go after and say well your accounting
in the corporate nations that make up the economy are vastly overstating their net worth in income and so you have a huge crash so speaking of accounting firms many of the accounting firms are now morphing into consulting firms and this isn't our final quick headline here mass i t project is latest black eye for delight this is a massachusetts and an internet technology project it is brochure do lloyd consulting proclaims a record of smooth implementations of complex technology projects but in...
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here when you destroy the american economy and must be getting. live to back here in moscow on the way with me kevin can't crack down on efforts to check its human rights record and a huge chunk of asteroids dragged from a lake in central russia covering those stories rather. where's the trust element here because even if they even if these internet groups break themselves away or attempt to break away from the n.s.a. they have other ways of finding getting into data anyway. and i think one of the things that's really surprising about what we're trying to do is that they try to find every possible way of getting data but we all know that the governments have surveillance and that actually working with them so it's not just the united states it's governments you know if you're among what is what do we think the all those kind of things that stuff happened way before the internet so i agree with you completely but great the difference is that the u.s. government says we don't do these things and we keep finding out that they do these things and even
here when you destroy the american economy and must be getting. live to back here in moscow on the way with me kevin can't crack down on efforts to check its human rights record and a huge chunk of asteroids dragged from a lake in central russia covering those stories rather. where's the trust element here because even if they even if these internet groups break themselves away or attempt to break away from the n.s.a. they have other ways of finding getting into data anyway. and i think one of...
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russian economy and so a lot of investors you have the u.s. stock market double over the last five years so a lot of investors are still confident about the future of the u.s. economy so what about you know some investors a living eastward so what about that tranda do you think there will be more you know businesses going eastwards and looking there to you know look for more opportunities there instead of say going westwards what would be the balance here. your question is eastward i didn't i didn't hear the kind of a lot of investors are looking eastwards like looking at the markets like singapore china hong kong you know and what's going to be happening there is the strand well the strand continue what will be the balance here. yeah actually what we've seen the last twelve months is a big selloff in emerging market secure you know securities we've seen the indian stock market decline a big collapse in the indian rupee the fact is the chinese stock market is trading fifty percent lower than it was five years ago. brazil's economy may not even
russian economy and so a lot of investors you have the u.s. stock market double over the last five years so a lot of investors are still confident about the future of the u.s. economy so what about you know some investors a living eastward so what about that tranda do you think there will be more you know businesses going eastwards and looking there to you know look for more opportunities there instead of say going westwards what would be the balance here. your question is eastward i didn't i...
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american the world's economy. and. the public. from. a car bomb in northwestern syria has killed at least twenty seven people and wounded many others the powerful blast came just a day off to. the center of damascus one near a hotel where international chemical weapons inspectors a standing. reports from the syrian capital. eg car bomb has exploded in a rebel held northwestern town in the province of italy which is not far from the syrian turkish border the explosion happened at a busy marketplace all of this coming just hours after two massive car bombs exploded here in the heart of the syrian capital on sunday night they took place in front of the syrian state t.v. building and not far from the hotel where foreign experts who are investigating and overseeing the destruction of syria's chemical weapons stockpiles are staying a short time ago the head of their team criticized the opposition for not allowing them access to some of the sites where rebels have control now there has been a number of warnings posted online by rebel fighters
american the world's economy. and. the public. from. a car bomb in northwestern syria has killed at least twenty seven people and wounded many others the powerful blast came just a day off to. the center of damascus one near a hotel where international chemical weapons inspectors a standing. reports from the syrian capital. eg car bomb has exploded in a rebel held northwestern town in the province of italy which is not far from the syrian turkish border the explosion happened at a busy...
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president obama's absence becomes a highlight of a key summit of asia pacific economies in indonesia where the american government shutdown now threatening the president's focus on asia. never allowed a good crisis go to waste china turns to europe for investment opportunities snapping up companies all over the continent and. the swiss army simulates a war against a debt stricken french government that send troops to recover stolen gold. a.t.m. in the russian capital you're watching r t i'm marina joshie welcome to the program a key annual summit of asia pacific leaders in bali has and its second and final day boosting trade and business cooperation between the twenty first member twenty one member economies is the main focus of the gathering but it has not been short of political overtones as well the absence of president obama due to the u.s. government shutdown was repeatedly noted as other countries to center stage at a forum are reports from indonesia. well the twenty one nations that make up a package count for more than fifty percent of the world's g.d.p. on an annual basis so
president obama's absence becomes a highlight of a key summit of asia pacific economies in indonesia where the american government shutdown now threatening the president's focus on asia. never allowed a good crisis go to waste china turns to europe for investment opportunities snapping up companies all over the continent and. the swiss army simulates a war against a debt stricken french government that send troops to recover stolen gold. a.t.m. in the russian capital you're watching r t i'm...
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are actually already incredibly important for the global economy. will continue to do so over the longer term so these changes that are taking place could easily be accelerated by the problems that we're seeing in america the most economist and former u.k. treasury official neil mckenna thank you very much for your thoughts on the american standstill at capitol hill. now reducing reliance on the u.s. dollar has been discussed ever since the credit crunch struck back in two thousand and eight did this all on the cause or report us s. is china's aspirations five years on. keeping this is an acrostic ridicule on washington the news agency called the u.s. civilian slayer prisoner torture and meddler and others affairs and said the pax americana was a failure on all fronts well i mean china should walk the walk instead of just talking the talk so kicked out mcdonald's kicked out kentucky fried chicken kicked out coca-cola they're making your citizens obese and you're getting diabetes so you know they talk the talk but will try to walk the walk simultaneo
are actually already incredibly important for the global economy. will continue to do so over the longer term so these changes that are taking place could easily be accelerated by the problems that we're seeing in america the most economist and former u.k. treasury official neil mckenna thank you very much for your thoughts on the american standstill at capitol hill. now reducing reliance on the u.s. dollar has been discussed ever since the credit crunch struck back in two thousand and eight...
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and its effects on the global economy when i joined live by economist. mr vest and welcome to tease good to see you here and in your opinion just how bond. be. oh default would be a catastrophic event you would have the increase in the cost of borrowing for. around the globe you would have inflation in the us increasing on the back of a very sharply falling dollar. and it would basically affect every single country in the world given that the dollar remains from the the key reserve currency right but do you think the u.s. will make a last minute decision and find an agreement to raise the debt ceiling well i think they will have to given that i said it's going to be a catastrophic event the unfortunate issue is that you have a number of politicians on the republican side the so-called tea party which actually believe that a default would not you know that russia or the u.s. can. can actually handle a default something which i think is very reckless and irresponsible you're looking at a congress that is basically run by children. and you know the fortunat
and its effects on the global economy when i joined live by economist. mr vest and welcome to tease good to see you here and in your opinion just how bond. be. oh default would be a catastrophic event you would have the increase in the cost of borrowing for. around the globe you would have inflation in the us increasing on the back of a very sharply falling dollar. and it would basically affect every single country in the world given that the dollar remains from the the key reserve currency...
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will be forced to make a decision that will affect the entire global economy if lawmakers don't find a way to reopen the frozen government and then agree to raise the national debt ceiling america will default on its debt and if that happens the shock will be felt well beyond its own borders or is a nice in our house the details well there's been no headway over the weekend between democrats and republicans coming to some kind of agreement on how to raise or whether or not to raise the debt ceiling if the u.s. doesn't secure a debt arising of its debt ceiling they'll have to default on its over sixteen and a half dollars of borrowing so you have the rest of the world very worried they're panicking you have the heads of various major financial. financial organizations like the i.m.f. talking about how american legislators need to be responsible that this bickering is ridiculous they need to find a way to get through this to the rest of the world doesn't have to pay for these dire consequences huge economic partners what will happen to them if the u.s. does go head into fall well accor
will be forced to make a decision that will affect the entire global economy if lawmakers don't find a way to reopen the frozen government and then agree to raise the national debt ceiling america will default on its debt and if that happens the shock will be felt well beyond its own borders or is a nice in our house the details well there's been no headway over the weekend between democrats and republicans coming to some kind of agreement on how to raise or whether or not to raise the debt...
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keep the military industrial complex move in keep them happy after all war is what's funny in this economy am i right look i'm not knocking the fact that people are getting their jobs back that's a good thing what's ridiculous is why defense is more of a priority then a safety and education what's absurd is need oil barons to keep headstart afloat you heard that right an ex enron executive just pledged ten million dollars to allow the underprivileged preschool program to continue operating amidst the shutdown sham and really that's what the shutdown is one giant sham yes of the suckers are us. of the atlantic a. very large atlantic a long. line that you ever had that would set her right there. was. such a. little. sleepy. but. at least. it would say. this country is just days away from an unprecedented default on the debt and that might just be our easiest problem to deal with say right now america's wealth gap between the rich and the poor is the widest it's been since the great depression and although predatory corporate banks are largely responsible for the dire state of the economy not
keep the military industrial complex move in keep them happy after all war is what's funny in this economy am i right look i'm not knocking the fact that people are getting their jobs back that's a good thing what's ridiculous is why defense is more of a priority then a safety and education what's absurd is need oil barons to keep headstart afloat you heard that right an ex enron executive just pledged ten million dollars to allow the underprivileged preschool program to continue operating...
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economy is on its way to recovery the other thing is because if there actually are not so d. leverage we could be on the verge of another crisis an economic and financial crisis well what we're saying there is that the asset prices down the books of these corporations and in particular the banks by the way are which they use both as collateral to finance more lending more loans more capital for themselves as well as in gauging emergent acquisitions or the buying other companies is overstated substantially and so if you have any kind of mark to market if you have any kind of rationalization where they say particular in the case of banks that the bonds on their balance sheets are not worth one hundred cents on the dollar they're worth actually ten cents on the dollar then you have a repeat of what we saw in two thousand and eight or the massive undertow of deflation which is being masked by counting fraud and money printing is revealed to show that the economy in the corporate nations that make up the economy are vastly overstating their net worth in income and so you have a hu
economy is on its way to recovery the other thing is because if there actually are not so d. leverage we could be on the verge of another crisis an economic and financial crisis well what we're saying there is that the asset prices down the books of these corporations and in particular the banks by the way are which they use both as collateral to finance more lending more loans more capital for themselves as well as in gauging emergent acquisitions or the buying other companies is overstated...
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find out what's really happening to the global economy. for our no holds barred look at the global financial headlines kaiser report. more news today. these are the images the world has been seeing from the streets of canada. today. on mary jane all the stars the boardwalk empire and michael j. williams and michael shannon all miss the boys club nicknamed the show to sammy and to michael's like you have to be named michael to go on the show. mazing a lot of people know about probably. right now. plus are you out playing ball keep guys i don't know i like. like playing characters that i think are complicated that's all ahead on larry king now.
find out what's really happening to the global economy. for our no holds barred look at the global financial headlines kaiser report. more news today. these are the images the world has been seeing from the streets of canada. today. on mary jane all the stars the boardwalk empire and michael j. williams and michael shannon all miss the boys club nicknamed the show to sammy and to michael's like you have to be named michael to go on the show. mazing a lot of people know about probably. right...
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president obama's absence becomes a highlight of a key summit of asia pacific economies in indonesia where the american government shutdown now threatening the president's focus on asia. never a lot of good crisis go to waste china turns to europe for investment opportunities snapping up companies all over the continent. and the swiss army simulates a war against a debt stricken french government that's sound troops to recover stolen gold. nine am in moscow you're watching r t with memory natasha welcome to the program first in syria chemical disarmament may be making progress but there's still no solution in sight to another severe crisis the conflict has created that of the refugees the u.n. estimates that four million more syrians will be forced out of their homes and more than eight million will be in need of aid to discuss the situation and possible ways out i'm now joined live by the president of the international committee of the red cross peter moore. thanks much mr moore for joining us here on r t to talk about the situation well you went to syria last year were civilians ar
president obama's absence becomes a highlight of a key summit of asia pacific economies in indonesia where the american government shutdown now threatening the president's focus on asia. never a lot of good crisis go to waste china turns to europe for investment opportunities snapping up companies all over the continent. and the swiss army simulates a war against a debt stricken french government that's sound troops to recover stolen gold. nine am in moscow you're watching r t with memory...
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they're very very nervous but really for all economies i mean this is very very troubling because it threatens the disruption to global credit which then of course impacts demand on the economy which even for economies which are more manufacturing based really results in a loss of sales for them so yes i think everyone wants this demand how do you think this could affect the u.s. as a global ties for example we have china already calling for the introduction of a new reserve currency aside from the dollar well i think it just gives further fuel to that move and of course china has been trying to see if it could coordinate a new order which would be less dollar based and of course we have china which is now importing more and more of its oil more of it of course directly from russia and as well as plans to import more natural gas and so my guess is there are going to be more pushes from china for a bilateral trade it were. just bypass the dollar altogether and i want to make it difficult for the united states in terms of funding its social obligations at home all right we have to leav
they're very very nervous but really for all economies i mean this is very very troubling because it threatens the disruption to global credit which then of course impacts demand on the economy which even for economies which are more manufacturing based really results in a loss of sales for them so yes i think everyone wants this demand how do you think this could affect the u.s. as a global ties for example we have china already calling for the introduction of a new reserve currency aside from...
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economy and only boyko reports there are parks in it for beijing to. britain's doors are open to china and more importantly the u.k.'s recession hits a corner me is ready for chinese money to start flowing in that's the message that the u.k. chancellor george osborne is sending on a trade mission to china this week he told students at a beijing university that unlike some other western countries he doesn't want to resist china's economic progress or put up trade barriers but he wants. economic progress that mean seeking chinese investment in british infrastructure such as british airports and water and energy and eight hundred million pound deal for a chinese company to develop manchester airport has already been unveiled george osborne said that he's determined to open a new chapter in u.k. chinese relations and make britain's see that the chinese economy is no longer low wage or low tech one of my tasks this week is to explain to the british people just how far china has come how sophisticated your businesses are how would branch you are in the field
economy and only boyko reports there are parks in it for beijing to. britain's doors are open to china and more importantly the u.k.'s recession hits a corner me is ready for chinese money to start flowing in that's the message that the u.k. chancellor george osborne is sending on a trade mission to china this week he told students at a beijing university that unlike some other western countries he doesn't want to resist china's economic progress or put up trade barriers but he wants. economic...
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depression and although predatory corporate banks are largely responsible for the dire state of the economy not one banking executives seem instead of a jail cell obviously the current crony capitalist system is broken and ripe for criticism but what's the alternative won't one man co-developed a new economic theory called participatory economics or para con his name is michael albert and he joined me earlier to break down how this philosophy would work for all and why pare con is different from other alternatives to capitalism in the past. during economics is really a different economic system of just where you are economic solutions. everybody or just a system basically equally. the corporate division of labor is replaced by an arrangement in the workplace which. each person there. well a combination of tasks and responsibilities. that both empowers them and you know takes up the requisite amount of of responsibility in doing so house that are somewhat onerous or work tedious but we all share in that there are new aeration in the amount people get instead of being a function of power or p
depression and although predatory corporate banks are largely responsible for the dire state of the economy not one banking executives seem instead of a jail cell obviously the current crony capitalist system is broken and ripe for criticism but what's the alternative won't one man co-developed a new economic theory called participatory economics or para con his name is michael albert and he joined me earlier to break down how this philosophy would work for all and why pare con is different...
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economy falls into recession which would inevitably have a knock on effect elsewhere in the global economy international investors will be looking for a reform of the international monetary system and they'll be challenging the role of the dollar as the leading reserve currency. now the nobel prize winning group and charge of a rating syria of chemical weapons has words of praise for us since government. calls for short cease fire periods to allow inspectors to get to dangerous conflict areas and destroy the deadly stockpiles and. paying for rays struggling spaniards are said to be landed with another tax this diamond solar power as the government scrabbles to replenish its coffers and that's coming up after the short break. good lover tour. was able to build a new most sophisticated rowboat which all unfortunately doesn't give a darn about anything tunes mission to teach creation why it should care about humans and. this is why you should care what you only. if you. could you take three. point three. three. three. three. three blank video for your media project c.d.o. done to our teeth do
economy falls into recession which would inevitably have a knock on effect elsewhere in the global economy international investors will be looking for a reform of the international monetary system and they'll be challenging the role of the dollar as the leading reserve currency. now the nobel prize winning group and charge of a rating syria of chemical weapons has words of praise for us since government. calls for short cease fire periods to allow inspectors to get to dangerous conflict areas...
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we see in the big banking sector and the results are the same you have a crippling of the economy and there's of course whatever the fed chairman might be at any given moment is cooking up more mess with more derivatives more artificial money and more virtual market making well you know in the media in the u.s. focuses mostly on the shake and bake sort of labs these home labs where they they mix up some cough syrup and starter fluid and so you know the ice packs is blue ice packs they put some of that being greedy and sent to their the shake it up and they they serve it i remember when i was a kid they had a campaign that you should eat paint chips because it gave you rebel or today people really are promoting the act of smoking paint chips as a way to get high cheaply i mean that's a huge difference from forty years ago. so according to this data from two thousand and seven to twenty eleven the purity of available math in the u.s. skyrocketed while the price tumbled from two hundred ninety dollars per pure gram to less than ninety dollars a combination that hooks people in the fast i
we see in the big banking sector and the results are the same you have a crippling of the economy and there's of course whatever the fed chairman might be at any given moment is cooking up more mess with more derivatives more artificial money and more virtual market making well you know in the media in the u.s. focuses mostly on the shake and bake sort of labs these home labs where they they mix up some cough syrup and starter fluid and so you know the ice packs is blue ice packs they put some...
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find out what's really happening to the global economy with. the no holds barred look at the global financial headlines kaiser reports. he continues her naughty the u.s. administration is in deadlock with congress over raising the debt ceiling with just five days left to strike a deal and avoid a catastrophic default the republicans won't be borrowing limit extended by six weeks but president obama is calling for a long term solution is what the white house had to say earlier we cannot have a situation where we that's you know is extended as part of a budget negotiation process for only six weeks which would put us right back in the same position that we're in now well meanwhile the government in kiev situations remain in shutdown which has put hundreds of thousands of workers and unpaid leave the house's response to republican lawmakers refused to sanction the affordable health care program known as obamacare and the shutdown has now come off a vital lifeline for many cancer patients will be denied treatment one of the shell language summed up
find out what's really happening to the global economy with. the no holds barred look at the global financial headlines kaiser reports. he continues her naughty the u.s. administration is in deadlock with congress over raising the debt ceiling with just five days left to strike a deal and avoid a catastrophic default the republicans won't be borrowing limit extended by six weeks but president obama is calling for a long term solution is what the white house had to say earlier we cannot have a...
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economy falls into recession which would inevitably have a knock on effect elsewhere in the global economies. as will be looking for a reform of the international monetary system and they'll be challenging the role of the dollar as the leading reserve currency america's national security agency could soon see its global surveillance powers stunted as foreign firms move to bolster this cyber defenses germany's biggest telecom company now is playing to use this data away from the n.s.a.'s grasp peter all of us got a story. here inside one of the main offices of germany's largest telecommunications operates and they are coming up with a plan that they hope will protect their customers information from the prying eyes of security services telecom has announced that they will only be using german servers for all communications inside germany in the future this is something they have said perhaps they would like to roll out to across europe but for now it's only going to be here in germany that information e-mails and phone calls and text messages will only travel on german service now this comes
economy falls into recession which would inevitably have a knock on effect elsewhere in the global economies. as will be looking for a reform of the international monetary system and they'll be challenging the role of the dollar as the leading reserve currency america's national security agency could soon see its global surveillance powers stunted as foreign firms move to bolster this cyber defenses germany's biggest telecom company now is playing to use this data away from the n.s.a.'s grasp...
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economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments.
economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments.
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economy falls into recession which would inevitably have a knock on effect elsewhere in the global economies international investors will be looking for a reform of the international monetary system and they'll be challenging the role of the dollar as the leading reserve currency. reducing reliance on the u.s. dollar has been discussed ever since the credit crunch struck back in two thousand and eight at four thirty pm g.m.t. the kaiser report looks at china's efforts to. the world. even criticism of caustic ridiculous on washington the news agency called the u.s. civilian slayer prisoner torture and meddler and others affairs and said the pax americana was a failure on all fronts well i mean china should walk the walk instead of just talking the dogs kicked out mcdonald's kicked out kentucky fried chicken kicked out coca-cola they're making their citizens obese and you're getting diabetes so you know they talk the talk but will try to walk the walk simultaneously and they say they want to d.m. merican eyes the world here's a here's a country that has huge exposure to exports to america is t
economy falls into recession which would inevitably have a knock on effect elsewhere in the global economies international investors will be looking for a reform of the international monetary system and they'll be challenging the role of the dollar as the leading reserve currency. reducing reliance on the u.s. dollar has been discussed ever since the credit crunch struck back in two thousand and eight at four thirty pm g.m.t. the kaiser report looks at china's efforts to. the world. even...
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stop forcing john boehner to issue threats about our economy. well in response republican house speaker john boehner slammed obama for refusing to negotiate demanding the talks dog as soon as possible and is on his way to reports the america's partisan politics of pushing the nation and the global economy to the brink of disaster nine day government shutdown with the credit default looming in the wings washington's failure to so far agree on a budget or how to pay its bills has given an entirely new meaning to american exceptionalism hundreds of thousands of americans are losing paychecks and social benefits because u.s. officials elected to lead this country are engaged in a bitter fiscal deadlock on tuesday president barack obama said he would be willing to negotiate on budget issues only after republicans agreed to reopen the federal government and raise the debt limit without preconditions republicans meanwhile are insisting on deficit reduction talks as a condition for raising the federal debt by october seventeenth members of the party hav
stop forcing john boehner to issue threats about our economy. well in response republican house speaker john boehner slammed obama for refusing to negotiate demanding the talks dog as soon as possible and is on his way to reports the america's partisan politics of pushing the nation and the global economy to the brink of disaster nine day government shutdown with the credit default looming in the wings washington's failure to so far agree on a budget or how to pay its bills has given an...
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are up profits are down profits are up profits are down and nothing ever seems to change in the real economy this first headline near the profits profit profits have been booming in america reaching the highest proportion of g.d.p. since the second world war given such buoyant conditions you might imagine that businesses are investing like crazy to take advantage of all those great opportunities correct no they're not max because instead businesses are handing cash back to shareholders a tactic once reserved for executives who had run out of ideas in two thousand and eleven the value of america's share buybacks was equal to two point seven percent of g.d.p. in britain the figure was three point one percent well you bring up a couple points are they the important point here is that when the corporations report on their profits that is a number that is delivered to them by one of the big four accounting agencies to report as their profit but what we've discovered is that these big four accounting agencies like the banks on wall street like the hedge funds like the rating agencies are also comm
are up profits are down profits are up profits are down and nothing ever seems to change in the real economy this first headline near the profits profit profits have been booming in america reaching the highest proportion of g.d.p. since the second world war given such buoyant conditions you might imagine that businesses are investing like crazy to take advantage of all those great opportunities correct no they're not max because instead businesses are handing cash back to shareholders a tactic...